Italy’s Tria sees stagnation rather than recession - Corriere della Sera

Dhwani Mehta FXStreet

In an interview in Italian daily Corriere della Sera on Sunday, the Italian Economy Minister Giovanni Tria noted that Italy could experience a period of stagnation, Reuters reports.

Key Quotes:

“Let’s wait for data for the last quarter of 2018. I don’t see a recession, I see a situation of stagnation,”

“The deficit will be kept under control.”

Never considered stepping down as minister due to wrangling over the budget.

Asked about a target of raising 18 billion euros this year from privatizations, the minister said the government was looking at transferring stakes in state-controlled holdings to state lender Cassa Depositi e Prestiti (CDP).

“We are studying the question,” Tria said.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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